140 E 27th St

Station Cities Real Estate Brokerage has been selected as the Exclusive Broker for the sale of the Mixed-Use building located at 140 East 27th Street in the heart of the thriving Kip's Bay neighborhood of Manhattan. The building is located between Lexington Avenue and Third Avenue and consists of the ground floor plus cellar for storage currently leased by restaurant/bar, Jack Diamond's, with vented kitchen plus the three residential floors above, as well as Air Rights. The restaurant has 3% annual increases in the monthly rent and is a few years into a fifteen year lease. The residential apartments are all Free Market and are all rented. There is room to raise residential rents which are currently are below market rates. There is also the possibility of renovating the apartments and significantly increasing the rents. The heat is electric and the responsibility of the tenant.
Disclaimer: The dollar amounts shown on listing and in the charts are estimated, not verified, and subject to change.
Building offered for sale "as-is".
Note: Photos of the restaurant are prior to the latest renovation.
Tour of building by appointment.
Disclaimer: Financials provided are contain estimated dollar amounts and are subject to verification. The dollar amounts shown on listing and in the charts are estimated, not verified, and subject to change.